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Gold/Mining/Energy : Pangea Goldfields T.PGD
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To: M. Walton who wrote (131)11/17/1997 5:55:00 PM
From: andrew r harwood  Read Replies (1) of 1178
 
theres blood on the streets right now in the entire gold market and its hard to see when it might recover.pangea must have around a dollar a share in cash which should stand it in good stead so its not going bankrupt anytime soon in contrast to a lot of the junior mining stocks which are probably dead for several years .who knows how low it will go ,one would think at these levels it would be worth buying and holding for the long term ,the only question is how low will it go and how long to wait for it to recover.bear markets are usually not very long and one msut assume that its getting close to the blow out bottom .once gold turns around then so will pangea .it has a lot of great projects but i doubt whether anyone would bring them to a feasibility study given the rapid decline in gold price so its probably going to be a long wait .i think pangea will still be hear in 5 years and proably will be at a much higher price but what happens in the interim in anyones guess . arh
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